Floating Interest Mortgage Loans

Are you thinking of reconstructing your apartment? Get floating interest mortgage loans on attractive terms at Inecobank!

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Main Conditions Terms & Conditions Additional Documents

Loan Amount

3 000 - 60 000

Interest type

fixed

Annual nominal interest rate

For AMD Loans

Acquisition: Fixed for the first three years: 13%, later floating
Renovation & Construction: Fixed for the first three years: 13.5%, later floating

For USD loans

Acquisition: Fixed for the first three years: 10.5%, later floating
Renovation | Construction: Fixed for the first three years: 11%, later floating

Annual percentage rate

For AMD Loans

Acquisition: Fixed for the first three years: 13.38-18.48%
Renovation & Construction: Fixed for the first three years: 14.52- 23.15%

For USD loans

Acquisition: Fixed for the first three years: 10.57-15.57%
Renovation | Construction: Fixed for the first three years: 11.10-19.84%

Floating interest calculation and review terms and conditions(active link to pdf)

Loan maturity period

- minimum 36 months

- maximum 120 months

Pledge

maximum LTV ratio for the acquired property is 60%

Amounts payable for lending to the Bank

1. Account opening fee
According to the tariff plan of the relevant bank account

2․Cash withdrawal commission in case of AMD loans:

Withdrawal fee: 0%
Loan amount։ in case of acquistion` 0%

In case of USD loans:

Prepayment amount: 0%
Loan amount: 3%

3․ Account service additional one-off fee (is charged at the time of loan disbursement)

0.5% of the loan amount, but not less than AMD 60 000

Loan withdrawal fee

According to the relevant bank account terms

Insurance

Property insurance and insurance against accidents may be required. Insurance amount: of the loan balance

Guarantees

A guarantee of a family member, physical or legal entity may be required

Loan provision method

One time or in tranches; non -cash

Loan repayment method

monthly principal is repaid in equal installments
monthly equal repayments (annuity)

Repayment of overdue liabilities

For each delayed day, a 0.13%

penalty is applied on the overdue amount.

Early repayment fee

Not applied

Deadline of making the loan provision decision and notifying the customerմ

2-5 business days

Loan provision duration

7-10 business days

ATTENTION: Loan interest rate is calculated based on the nominal interest rate, whereas the annual percentage rate indicates how much the loan would cost in case of repayment of interest amount and other payments under the defined timeline and terms. For more information please refer to the "Annual Interest Rate Calculation Guide".

The essence of credit history and credit score and the ways to improve them

Credit history

Credit history is the information on the obligations undertaken by the Customer. Credit history may have impact on credit decision-making and includes information aged at least 5 years.

Credit history includes:

information on the amount of obligations assumed by the customer, the annual interest, the balance of obligations, the property pledged for them.
history of payments for obligations assumed by the customer, including delays in payments from the established schedule.
Guarantees given to other persons
Information on obligations of related parties of the customer

The customer is entitled to get informed about his/her credit history by performing the actions indicated on the websites https://www.abcfinance.am , Frequently sked questions or www.acra.am

When identifying errors and shortcomings in the credit history, the customers can inform the credit bureau to clarify and correct them or they can directly contact the financial institution that has submitted the information to the credit bureau.

Credit score

A credit score is the creditworthness assessment formed on the basis of information collected on the customer's obligations, which indicates the risk of loan recovery by the specified customer in a certain period of time.

The Bank uses its own scoring system to assess the creditworthiness of customers in the field of retail lending.

The score calculation is based on the following groups of factors:

Credit history of the customer (delays in payments decrease the score)
Information on the customer's employment and income (the latter’s absence decreases the score)
Other social and behavioral factors of the customer (have both positive and negative impact on the score, depending on the type of factor and on how they are expressed)

Ways to improve the credit history and score

To improve their credit history and score, customers should do the following:

make payments for their assumed obligations according to the schedule
avoid credit overload and unsubstantiated new credit applications
avoid providing guarantees to unreliable third parties.

Updated as of 15.07.2026 12:27